What is Wiki:
A wiki is a Web site that enables users to add new content or amend existing content. As soon as you post on a wiki all users are able to contribute, by adding or amending the original document. They do not have to ask permission, from the author or an administrator, because everyone is empowered to contribute.
The term “wiki” comes from the Hawaiian word for “quick.” Initially, researchers and developers used wikis for rapid development of ideas, but this has extended to project managers and others in more traditional business disciplines.
Wiki benefits:
• Reduced email traffic;
• A common flexible platform (rather than a private channel) for collecting, organizing and sharing knowledge and experience of all stakeholders;
• Adaptability to a range of uses including knowledge repository, project/action tracking and intranet;
• Swifter more widespread and effective communication.
Business Wikis:
Businesses and organizations can readily capitalize on the collaborative functionality of wikis, but may view with suspicion the ability to change content without source and version management. The flexibility of a wiki is its greatest strength, because it enables peers to work together to change or update a work without the need to increase e-mail traffic or take up excessive time in meetings and conference calls.
Internal Wikis:
The use of wikis for internal collaboration is fast gaining credibility among businesses. In line with other rapid development and modeling methodologies, wikis offer a unique environment for synthesis of ideas. The ability to work as a team on a single document, or an element within a document, enables teams to assimilate quickly all team member inputs. This real-time collaborative development enables groups to quickly identify and agree on key points in a project, plan, or strategy.
External Wikis:
Many businesses regard wikis as most suitable for in-house development, because it is possible to manage and police a site through company policies and standards. It is important to move beyond this limitation and take a lesson from the success of wikis on the Web. Wikipedia, from Wikimedia Foundation Inc. (www.wikipedia.org), is probably the best known of all wiki sites. Within its categorized structure, Web users can read and modify pages, and add insights into an encyclopedic range of topics. This may seem dangerously open, but it works. For a business or an organization, there must be greater consideration for inaccuracies or intentionally misleading postings, especially from contributors outside the organization.
Major Financial Wikis:
WikiWealth:
WikiWealth's Mission Statement: to provide the highest quality stock research. Quality at WikiWealth.com stands for fundamental investing with conservative estimates, consistent approaches and low risk.
WikiWealth excels at fundamental quantitative (Wall Street) analysis while also incorporating the qualitative (common sense) elements that made Warren Buffett the most successful investor of all time. Help from every day investors, who have extensive knowledge of the products and services of a range of companies, provide additional investment insights. Users tell us about their experiences, write down the strengths and weaknesses of each company, and use our research report as the community's investment note pad. Users enhance and critique investment ideas to form the most accurate assessment of a company. WikiWealth can produce better research when more minds work together; this is the essence of WikiWealth and it is the future of stock research. WikiWealth's mission (translated for financial nerds) is to increase the viability of the Efficient Market Hypothesis and reduce agency risk between all parties in the investment community. Fundamental analysis is great for lowering the risk of investments. Common sense analysis helps to identify business potential.
WikiWealth.com is the first company to combine Main Street understanding with Wall Street analysis. A wiki-based platform popularized by Wikipedia gives investors the ability to voice their opinion, add content, and affect investment ratings. The innovative online spreadsheets augment traditional analysis with real-time updates and complete transparency. Each group has their opinions, but only the best stocks can pass both rigorous examinations.
WikiInvest:
Created by regular, everyday investors who are sick of the level of information on the major finance portals. An investment is more than the sum of its ratios. So, we set out to create an investment website that explains the deeper story behind a company, giving investors the context they need to understand what they are betting on when they purchase a particular stock or invest in a specific sector.
Financial Glossary Wiki by Reuters:
The Reuters Financial Glossary is a online, open resource for information about the financial markets. It is a collaborative project based upon a written glossary previously written and edited by Reuters Editorial; this web site is an experiment in collaborative editing around previously existing content.
The glossary content comes from a previously published book, but exists in a different form on this web site — as a wiki that anyone can change, edit, and add to. We encourage visitors to the site to contribute to the glossary, so that the content stays fresh and gets read, and hopefully improves in quality over time as more people tend to the site. The Glossary is intended as a valuable tool for the public and we hope to build a critical mass so that it will really "take off."
The glossary itself covers foreign exchange, treasury, money and capital markets, mortgage-based assets, equities, commodities, sovereign and corporate debt, technical analysis, and macro-economic terms.
We hope that community members will improve upon existing pages, and create new content as necessary. The "wiki" nature of the web site allows community members to collaborate around the Financial Glossary content, as well as transforming it into a living, breathing document.
The goal is to create an always-changing, up-to-date, useful, helpful, and community-created web site. This site is an experiment, and we hope you enjoy it.
